Treasurer Jim Chalmers has downplayed the Reserve Bank governor’s warnings about public spending adding to inflation, insisting large stimulus packages won’t be a feature of the federal budget. After lifting interest rates for the third consecutive meeting, RBA boss Michele Bullock cautioned against a cash splash...
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed. WHAT’S ALREADY KNOWN ABOUT THE BUDGET * The government has already flagged large cuts to the NDIS, with savings of $15 billion to be rolled out...
The crisis in the Middle East fanned the flames of already buoyant inflation in Australia and could lead to more interest rate pain if it isn’t resolved, the central bank has warned. The Reserve Bank of Australia released fresh quarterly economic forecasts on Tuesday, when it...
Australians are missing out on almost $5 billion in superannuation entitlements every year, with one in four workers affected nationwide. Workers were underpaid $24.4 billion across five years between 2018 and 2023, according to the latest Australian Taxation Office data analysed by the industry group Super...
WHAT HAS BEEN ANNOUNCED * The federal government has included a $10 billion fuel security and resilience package in the upcoming budget * This is in response to the fuel crisis caused by the conflict in the Middle East, which has effectively closed a key passageway where...
Australian power grids have proven far more resilient to the latest global energy crisis compared with the Russia-Ukraine war, bolstered by battery boom and subdued local gas prices. A ballooning battery fleet soaking up cheap, abundant solar to discharge in the evening peak have cut reliance...
Diesel prices could surge above $4 a litre in coming months under a scenario modelled by economists at National Australia Bank, potentially spelling a much more severe economic fallout than forecast by the Reserve Bank. Fears of service stations running dry are a distant memory and...
Workers should be entitled to an extra week of annual leave and more stable rostering, unions have told a parliamentary inquiry. The Shop, Distributive and Allied Employees’ Association, which represents retail, fast-food and warehousing workers, wants an extra week of paid leave in addition to “roster...
More Australians are taking up desks in coworking spaces, as the flexible venues move beyond Australia’s capital cities and into the suburbs and regional areas. Flexible Workspace Australia’s 2026 industry report shows the client base of flexible workspaces has moved beyond startups, small businesses, and freelancers...
Tax changes in the upcoming budget are designed to help young people own a home, the prime minister says, as a downturn in Australia’s largest property markets gathers steam. Asked about reported changes to negative gearing and the capital gains tax discount at an event in...